Outcome of Board Meeting pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation 2015
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L.K. Mehta Polymers Limited held its Board meeting on May 29, 2026, and approved the audited financial results for the half year and full financial year ended March 31, 2026. Revenue from operations grew significantly to Rs. 2,919.32 lakhs compared to Rs. 1,896.58 lakhs in the previous year (approximately 54% growth). However, profit after tax increased modestly from Rs. 60.43 lakhs to Rs. 62.64 lakhs. The company raised Rs. 738.40 lakhs through an IPO, of which Rs. 728.40 lakhs has been utilized for working capital requirements and Rs. 10 lakhs remains parked in a fixed deposit. The statutory auditors DCJ & Associates issued an unmodified (clean) opinion. The company also appointed internal auditors for FY 2026-27. Key concerns include a significant increase in trade receivables (from Rs. 609.33 lakhs to Rs. 1,389.71 lakhs) and short-term borrowings (from Rs. 474.08 lakhs to Rs. 870.30 lakhs).
Despite strong revenue growth, the company shows signs of working capital stress with negative operating cash flow of Rs. 782.88 lakhs and rising receivables. The clean audit opinion provides some comfort, but investors should monitor the cash conversion cycle and debt levels closely.